Euler Motors
Euler Motors: Business Model Canvas
The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.
Value Propositions
The vehicle offered a certified range of over 150 km and a payload capacity of 768 kg, a metric that directly addressed the operational needs of last-mile logistics players.
sourceEuler HiLoad EV comes with a comprehensive charging network to keep your business moving without interruption
sourceCustomer Segments
Blinkit (then Grofers) emerged as its first customer, followed by BigBasket, Flipkart and Udaan.
sourceBy 2022, Euler had secured approximately 2,500 vehicles from large ecommerce and logistics companies.
sourceCustomer Relationships
Channels
By 2022, Euler had secured approximately 2,500 vehicles from large ecommerce and logistics companies.
sourceKey Activities
Key Resources
Key Partnerships
A key validation of its strategy came in the form of a ₹538 Cr investment from Hero MotoCorp — this Inc42-reported figure appears to be Hero's own check size within the ₹638 Cr Series D round (round id 1959, announced May 2025) that also included British International Investment. A related Inc42 report separately cites Hero's earlier board-approved stake purchase at ₹525 Cr (see signal id 679); the Hero-specific figure is reported variously as ₹525-538 Cr, both distinct from the ₹638 Cr syndicate total.
sourceEuler operates with eight major charging network partners including Delta Electronics, Exicom, GoEgo, Kazam, Mindra, Quench, Readgrid, and Tata Power EZ.
sourceRevenue Streams
it sold around 3,305 electric vehicles in FY25, generating Rs 173 crore from vehicle sales, while battery, accessories, and other operating income contributed an additional Rs 12 crore
sourceCost Structure
FAQs on Euler Motors
What is Euler Motors's business model?
Euler Motors's core value proposition centers on High-Payload, Long-Range Electric Cargo Vehicle, Nationwide Fast-Charging Network.
How does Euler Motors make money?
Euler Motors's cited revenue streams include Electric Vehicle Sales.